ELSS Funds: Save Tax By Investing In These ELSS Funds, Get Good Returns — Check Out List

ELSS Schemes To Invest: There are only two days left when the financial year 2021-22 ends. And if you want to invest to save tax for a short period, then investing in Tax Saving Mutual Fund ELSS (Equity Linked Savings Schemes) can prove to be the best option for you.

One, under section 80C of Income Tax, tax exemption is available on investments up to Rs 1.50 lakh. On the other hand, it also gives the highest returns among all other tax saving schemes.

Tax saving mutual fund schemes have a lock-in period of only 3 years. While there is a lock-in period of 5 years in the senior citizen saving scheme, 5 years in NSC and 15 years in the public provident fund, you can withdraw partial after 6 years. According to an estimate, over the years, tax-saving mutual fund ELSS has given an average annual return of 15 percent to investors. 

In order to save tax in 2021-22, we will tell you about four tax saving mutual funds ELSS (Equity Linked Savings Schemes) in which there is a possibility of saving tax for taxpayers on investment as well getting great returns. 

Let's take a look at four such ELSS (Equity Linked Savings Schemes) funds 

1. Mirae Asset Tax Saver Fund Regular-Growth
This tax saving scheme of Mirae Asset is considered to be the best equity linked savings scheme. In the last three years, the fund has given investors a return of more than 21.50 percent. 

In one year, Mirae Asset Tax Saver Fund has given a return of 21.92%.
In three years, the fund has given a return of 21.54 percent.
In five years, the fund has received a return of 19.42 percent to the investors.
As of March 29, 2022, its NAV (Net Asset Value) is Rs 33.04 per unit. 

2. Axis Long Term Equity Fund
Axis Mutual Fund's tax saver equity linked savings scheme has given an excellent return of 18.95% to its investors since the beginning. 

In one year, Axis Long Term Equity Fund has given a return of 13.33%.
In 3 years, the fund has given a return of 16.68 percent.
In five years, the fund has received a return of 15.62 percent to the investors.
As on March 29, 2022, its NAV (Net Asset Value) is Rs 74.66 per unit. 

3. Canara Robeco Equity Tax Saver Fund 

The Canara Robeco Equity Tax Saver Fund has also counted among the top 5 equity-linked savings schemes. The fund has given a return of 16.20% since the beginning. 

In 1 year, the Canara Robeco Equity Tax Saver Fund ( Direct Plan) has given a return of 22.23%.
In three years, the fund has given a return of 20.91 percent.
In five years, the fund has given a return of 18.43 percent to the investors.
As of March 29, 2022, its NAV (Net Asset Value) is Rs 120.55 per unit. 

4. Invesco India Tax Plan 

Invesco India Tax Plan - Direct Plan is also counted as the best tax fund. Since the launch of the fund, it has given a return of 17.89 percent. 

In one year, Invesco India Tax Plan has given a return of 21.23 percent.
In 3 years, this fund has given a return of 17.03%.
In 5 years, this fund has given a return of 16.02 percent to investors.
As of March 29, 2022, its NAV (Net Asset Value) is Rs 90.59 per unit. 

5. DSP Tax Saver Fund - Direct Plan 

DSP Tax Saver Fund - Direct Plan is also included in best tax fund. Since the launch of the fund, it has given a return of 17.50 percent. 
In 1 year, DSP Tax Saver Fund - Direct Plan has given a return of 24.13%.
In three years, this fund has given a return of 19.03 percent.
In the last five years, this fund has given a return of 15.46 percent to investors.
As of March 29, 2022, its NAV (Net Asset Value) is Rs 85.34 per unit.